Bulgaria Autos Report Q2 2014

Business Monitor International
March 5, 2014
56 Pages - SKU: BMI5213857
Countries covered: Bulgaria

Bulgaria Autos Report Q2 2014

Passenger car sales in Bulgaria declined 1.0% y-o-y in the first 11 months of 2013, to 27,256 units. In 2013,we expected private consumption to remain weak on the back of prolonged political uncertaintyexacerbating existing dynamics in the labour market. Our bearish outlook for consumer sentiment hasinformed our forecast for a 2% drop over the year. In 2014, we forecast a decline in sales of 1.8% asconsumer weakness continues to weigh on the passenger car segment.

Passenger car sales in Bulgaria have declined considerably from their 2008 levels, when sales hit some43,000 units. Sales in this segment have remained relatively weak since then, and we do not see the marketreaching these levels again over our forecast period to 2017.

On the plus side, Bulgaria has emerged as one of the preferred destinations for parts suppliers looking toincrease their presence in the region, although the economic crisis has hit profits and prompted suppliers toreduce their operational capacities. Declining vehicle output in the key markets of Germany and Italy hasput a crimp on demand for Bulgarian parts, but BMI believes that the long-term prospects are good,supported by the country's competitive advantages in cost, taxation and location.



More Automotive Manufacturing reports by Business Monitor International

Uganda Autos Report Q2 2015 by Business Monitor International
Uganda Autos Report Q2 2015The most recent data released by the Ugandan Motor Industry Association show that newly registeredvehicles are down 27.4% year-on-year in the ...
Argentina Autos Report Q2 2015 by Business Monitor International
Argentina Autos Report Q2 2015Vehicle sales in Argentina declined 36.3% in 2014, to 613,848 units. BMI remains bearish on the outlookfor the Argentine autos sector ...
Venezuela Autos Report Q2 2015 by Business Monitor International
Venezuela Autos Report Q2 2015Vehicle sales in Venezuela declined 76%, to 23,707 units, in 2014 as the increasingly poor economicoutlook impacts the sector. Inflation is ...
Tanzania Autos Report Q2 2015 by Business Monitor International
Tanzania Autos Report Q2 2015We are revising our forecast for 2015 up to 15% after a strong sales performance in 2014. The latest dataavailable for ...
See all reports like this >>

More Bulgaria Automotive Manufacturing reports

By Country Industry Forecasts - Bulgaria by Oxford Economics
By Country Industry Forecasts - BulgariaKey Features: Broad Country and Industry Coverage. The service covers 68 countries across Europe, Asia, the Americas, the Middle East ...
Autos Report - Bulgaria Q4 2014 by Business Monitor International
Autos Report - Bulgaria Q4 2014In H114 Bulgarian passenger car sales rose 15.2% y-o-y, following a 5.6% y-o-y increase in June. Whilethis is positive news ...
SeeNews Research on Demand Wholesale and retail trade and repair of motor vehicles and motorcycles, Bulgaria : Company Names, Contacts, Key Managers and Financial Figures by SeeNews - Research & Profiles
SeeNews Research on Demand Wholesale and retail trade and repair of motor vehicles and motorcycles, Bulgaria - Company Names, Contacts, Key Managers and Financial FiguresSeeNews ...
SeeNews Research on Demand Manufacture of motor vehicles, trailers and semi:trailers, Bulgaria : Company Names, Contacts, Key Managers and Financial Figures by SeeNews - Research & Profiles
SeeNews Research on Demand Manufacture of motor vehicles, trailers and semi-trailers, Bulgaria - Company Names, Contacts, Key Managers and Financial FiguresSeeNews Research on Demand Manufacture ...
See all reports like this >>

 

SELECT A LICENSE

    Report with 3 quarterly updates  USD 1,295  
    Report with 3 quarterly updates
3 User License
  USD 1,945  
    Report with 3 quarterly updates
5 User License
  USD 2,500  
    Report with 3 quarterly updates
Departmental/Site License
  USD 2,995  
    Global Site License Fulfilled by Publisher  USD 6,995  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!